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Written by Ryan Scribner on March 22, 2024
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Robinhood Zero Day Options (0DTE) Trading Explained In 2024

Robinhood, a popular trading platform, allows traders to place options trades directly from their app, including 0DTE options.

Zero days to expiration (0DTE) options trading is a strategy among traders looking to potentially make quick profits - with a significant risk of losing all of their money invested immediately.

These options contracts are due to expire within the same trading day, making the window for executing trades extremely small.

However, it's important to understand this is a risky strategy where 100% loss of investment capital is likely.

New to Robinhood? Check out my full tutorial below!

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

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What Are 0DTE Options?

0DTE options refer to options contracts with zero days to expiration.

In other words, these are options contracts that expire on the same day they are traded. They are also commonly referred to as "same-day expiration" options.

0DTE options are a type of very short-term or intraday trading instrument. They are popular among traders looking to capitalize on short-term price movements or take advantage of specific market conditions within a single trading session.

Trading 0DTE options requires precise timing and often involves higher levels of risk compared to options with longer expiration periods.

Due to their short lifespan, 0DTE options can experience rapid changes in value, making them suitable for experienced traders who are adept at managing risk and making quick decisions.

It's important for traders to be aware of the unique characteristics and risks associated with 0DTE options, including the potential for rapid and substantial losses if the underlying asset doesn't move as anticipated within the short timeframe.

Additionally, liquidity can vary significantly for these options, which can impact their pricing and execution.

As with any trading strategy, traders should conduct thorough research, practice risk management, and consider their individual trading objectives and risk tolerance before trading 0DTE options.

How To Trade Options On Robinhood

To place an options trade on Robinhood, follow these steps:

  1. Tap the magnifying glass on your home page
  2. Search the security you’d like to trade options for
  3. Tap the name of the security you’re looking for
  4. Tap Trade in the bottom right corner of the stock’s or ETF’s Detail page
  5. Tap Trade Options
  6. The expiration date is displayed just below the strategy and underlying security
  7. You can scroll right to see expirations further into the future

If you want to learn more about Robinhood, check out our full beginner's guide about how Robinhood works here.

Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
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Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

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